Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
WEBFebruary 27, 2024. Strengthens the Macy’s Nameplate, Accelerates Luxury Growth and Simplifies and Modernizes End-to-End Operations. Focuses Macy's resources by closing approximately 150 underproductive locations through 2026. Prioritizes Macy’s investments in approximately 350 go-forward locations.
Macy's to close 150 stores and will open new ... - Associated Press News
WEBFeb 27, 2024 · Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales.
Macy’s rejected a takeover offer and is betting on itself
WEBJul 15, 2024 · Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain.
Macy’s Will Close 150 Stores but Expand ... - The New York Times
WEBFeb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its upscale Bloomingdale’s and...
Macy's will close 150 stores, open new Bloomingdale's, Bluemercury
WEBFeb 27, 2024 · Macy's plans to close some namesake stores and open new Bloomingdale's and Bluemercury locations that reflect what's working at the retailer.
Macy’s Reports Another Drop in Sales but Sees ‘Traction’ in …
WEBMay 21, 2024 · Macy’s, the largest department store chain in the United States, reported a decline in sales Tuesday for the first quarter of the year, a sign that American shoppers were continuing to pull...
Macy’s, Inc. Reports First Quarter 2024 Results
WEBMay 21, 2024 · Macy’s Media Network revenue, net rose $8 million to $37 million from increased vendor engagement. Merchandise inventories were up 1.7% versus first quarter of 2023. Entering the second quarter of 2024, end-of-quarter inventories are well-positioned for the upcoming summer season.
Macy's is closing 150 stores nationwide - NBC News
WEBFeb 27, 2024 · Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus on luxury sales.
Macy's tops expectations for the first quarter ... - Associated Press News
WEBMay 21, 2024 · NEW YORK (AP) — Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Yet the quarterly results Tuesday beat Wall Street expectations.
Macy's receives a higher buyout offer of $6.6 billion after ... - CBS News
WEBMar 4, 2024 · Two investment firms, Arkhouse and Brigade, upped their offer for Macy's after the retail chain rejected their earlier $5.8 billion bid.